Income Statement data:

Advertising expense $$150,000$

Cost of merchandise sold $3,700,000$

Delivery expense $30,000$

Depreciation expense$-$office buildings and equipment $30,000$

Depreciation expense$-$store buildings and equipment $100,000$

Gain on sale of investments $4,980$

Income from Pinkberry Co$.$ investment $76,800$

Income tax expense $142,000$

Interest expense $21,000$

Interest revenue $8,720$

Miscellaneous administrative expense $7,500$

Miscellaneous selling expense $14,000$

Office rent expense $50,000$

Office salaries expense $170,000$

Office supplies expense $10,000$

Sales $5,254,000$

Sales commissions expense $185,000$

Sales salaries expense $385,000$

Store supplies expense $21,000$

Retained earnings and balance sheet data:

Accounts payable $$194,300$

Accounts receivable $545,000$

Accumulated depreciation$-$office buildings and equipment $1,580,000$

Accumulated depreciation$-$store buildings and equipment $4,126,000$

Allowance for doubtful accounts $8,450$

Available$-$for$-$sale investments $($at cost$)260,130$

Bonds payable, $5\%,$ due in $10$ years $500,000$

Cash $246,000$

Common stock, $$20$ par

$(400,000$ shares authorized; $100,000$ shares issued, $94,600$ outstanding$)2,000,000$

Dividends:

Cash dividends for common stock $155,120$

Cash dividends for preferred stock $100,000$

Goodwill $500,000$

Income tax payable $44,000$

Interest receivable $1,125$

Investment in Pinkberry Co$.$ stock $($equity method$)1,009,300$

Investment in Dream Inc. bonds $($long term$)90,000$

Merchandise inventory $($December $31,20$Y$5),$

at lower of cost $($FIFO$)$ or market $778,000$

Office buildings and equipment $4,320,000$

Paid$-$in capital from sale of treasury stock $13,000$

Excess of issue price over par$-$common stock $886,800$

Excess of issue price over par$--$preferred stock $150,000$

Preferred $$1$ stock, $$80$ par

$(30,000$ shares authorized; $20,000$ shares issued$)1,600,000$

Premium on bonds payable $19,000$

Prepaid expenses $27,400$

Retained earnings, January $1,20$Y$59,319,725$

Store buildings and equipment $12,560,000$

Treasury stock

$(5,400$ shares of common stock at cost of $$33$ per share$)178,200$

Unrealized gain $($loss$)$ on available$-$for$-$sale investments $(6,500)$

Valuation allowance for available$-$for$-$sale investments $(6,500)$

CONTINUED

Labels

Current assets

Current liabilities

December $31,20$Y$5$

Dividends

For the Year Ended December $31,20$Y$5$

Intangible assets

Investments

Long$-$term liabilities

Operating expenses

Other revenue and expenses

Paid$-$in capital

Property, plant, and equipment

Amount Descriptions

Available$-$for$-$sale investments

Bonds payable

Common stock

Decrease in retained earnings

From sale of treasury stock

Gross profit

Investment in Pinkberry Co$.$ stock

Investment in Dream Inc. bonds

Income before income tax

Income from operations

Increase in retained earnings

Merchandise inventory, at lower of cost $($FIFO$)$ or market

Net income

Net loss

Preferred stock

Paid$-$in capital in excess of par$-$preferred stock

Paid$-$in capital in excess of par$-$common stock

Retained earnings

Retained earnings, January $1,20$Y$5$

Retained earnings, December $31,20$Y$5$

Treasury common stock

Total administrative expenses

Total

Total assets

Total current assets

Total current liabilities

Total liabilities

Total liabilities and stockholders$$ equity

Total long$-$term liabilities

Total investments

Total operating expenses

Total paid$-$in capital

Total property, plant, and equipment

Total selling expenses

Total stockholders$$ equity